NOT LISTED FOR SALE
4 Beds
4.5 Baths
3,005 Sq Ft
$2,820/mo HOA Fee

Last Sold January 19, 2018

Last sale price $2,900,000 $965 Per Sq Ft

156 Days on Market

Highlights

  • Doorman
  • Property Fronts a Bay or Harbor
  • Intercom to Front Desk
  • Coconut Grove Elementary School Rated A
  • Fitness Center
  • 4-minute walk to Regatta Park

About This Home

As of January 2018

Located in one of Miami’s most iconic new buildings, this unit is impeccably decorated and leaves nothing to be desired. The Grove at Grand Bay comes with top-of-the-line amenities including a state-of-the-art gym, spa, pet spa, five swimming pools, and 24-hour security. Designed by one of the world’s most celebrated European architects, and pays homage to American architects of the 20th century who pioneered the modernist idiom. The ethereal quality of the building is created by the innovative use of glass, 1,000-square-foot balconies, and an astonishing 12-foot-high ceiling height. The unit comprises 3,005 square feet, generously spread out over three bedrooms, four bathrooms, one powder room, and maid’s quarters.

Last Agent to Sell the Property

Bragi Sigurdsson

MMLS Assoc.-Inactive Member License #3225258 Listed on: 07/24/2017

Co-Listed By

Amanda Talbott

Douglas Elliman License #3308296

Last Buyer's Agent

Michael Klurman

Grand State Realty License #3070742

Property Details

Home Type

  • Condominium

Year Built

  • Built in 2016 | Newly Remodeled

HOA Fees

  • $2,820 Monthly HOA Fees

Parking

  • 2 Car Garage
  • Guest Parking

Home Design

  • Concrete Block And Stucco Construction

Interior Spaces

  • 3,005 Sq Ft Home
  • Blinds
  • Open Floorplan
  • Marble Flooring

Kitchen

  • Ice Maker
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Walk-In Closet

Laundry

  • Dryer
  • Washer

Home Security

Additional Features

  • Accessible Elevator Installed
  • Property Fronts a Bay or Harbor
  • Central Heating and Cooling System

Listing and Financial Details

  • Assessor Parcel Number 01-41-22-040-0001

Community Details

Overview

  • Mid-Rise Condominium
  • Grove At Grand Bay Condos
  • 6-Story Property

Amenities

  • Doorman
  • Community Center
  • Party Room
  • Recreation Room
  • Intercom to Front Desk
  • Elevator

Recreation

  • Community Spa

Pet Policy

  • Breed Restrictions

Building Details

Security

  • Security Guard
  • Secure Elevator
  • Fire and Smoke Detector
  • Fire Sprinkler System

Property Details

Home Type

Condominium

Year Built

Built in 2016 | Newly Remodeled

Lot Details

0

HOA Fees

$2,820 per month

Parking

2

Listing Details

  • Property Type: Residential
  • Year Built: 2016
  • Property Sub Type: Condominium
  • Architectural Style: Corner Unit, High Rise
  • Co List Office Mls Id: DEOM09
  • Co List Office Phone: 305-695-6070
  • Entry Level: 6
  • Road Frontage Type: Bay
  • Garage Yn: Yes
  • Horses: No
  • Inclusions: Other
  • New Construction: No
  • Property Attached Yn: Yes
  • Structure Type: Condo 5+ Stories, Condo
  • Year Built Details: New Construction
  • MIAMIRE_PetsAllowedYN: Yes
  • MIAMIRE_MembershipPurchRqdYN: No
  • ResoPropertyType: Residential
  • Special Features: VirtualTour

Interior Features

  • Appliances: Dishwasher, Disposal, Dryer, Ice Maker, Refrigerator, Washer
  • Interior Amenities: Elevator, Fire Sprinklers, Walk-In Closet(s)
  • Full Bathrooms: 4
  • Half Bathrooms: 1
  • Total Bedrooms: 4
  • Flooring: Marble
  • Furnished: Unfurnished
  • Living Area: 3005
  • Other Equipment: Elevator
  • Possible Use: Unknown/Withheld
  • Stories: 6
  • Window Features: Blinds
  • Bedroom Features: Entry Level, Other
  • Dining Room Features: Family/Dining Combination, Florida/Dining Combination

Exterior Features

  • View: Bay
  • Exterior Features: Other
  • Construction Type: CBS Construction
  • Pool Private: No
  • Property Condition: New Construction
  • View: Yes
  • Waterfront: Yes

Garage/Parking

  • Park Building Name: GROVE AT GRAND BAY
  • Covered Parking Spaces: 2
  • Garage Spaces: 2
  • Parking Features: Covered, Guest

Utilities

  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Central
  • Heating Yn: Yes
  • Security: Fire Sprinklers, Smoke Detector, Doorman, Elevator Secure, Guard At Site, Intercom In Lobby

Condo/Co-op/Association

  • Association Fee: 2820
  • Amenities: Community Room, Elevator(s), Exercise Room, Heated Pool, Hobby Room, Pool, Spa/Hot Tub
  • Association Fee Frequency: Monthly
  • Association: Yes
  • ResoAssociationFeeFrequency: Monthly

Association/Amenities

  • MIAMIRE_TypeofAssociation: Condo

Lot Info

  • Parcel Number: 01-41-22-040-0001
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Pets Allowed: Restrictions Or Possible Restrictions

Multi Family

  • Maintenance Expense: 2820

Tax Info

  • Tax Year: 2016

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 15, 2016
Sold by
Terra Grove Communities Llc
Bought by
Pae Grove Holdings Llc
Total Days on Market
156

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$6,987,500
Outstanding Balance
$5,639,778
Interest Rate
3.42%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 28, 2011
Sold by
Ncg Coconut Grove Hotel Llc
Bought by
Terra Grove Communities Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$31,000,000
Interest Rate
4.63%
Mortgage Type
Stand Alone Second

Purchase Details

Closed on
Mar 3, 2011
Sold by
Merco Group At Mgi Hotels Llc
Bought by
Ncg Coconut Grove Hotel Llc

Purchase Details

Closed on
Jun 30, 2005
Sold by
W2005 Ghit Hotels Lp
Bought by
Merco Group At Gb Hotel Lc

Purchase Details

Closed on
Mar 23, 2005
Sold by
Pah Grand Bay Miami Lp
Bought by
W2005 Ghit Hotels Lp

Purchase Details

Closed on
Oct 23, 1997
Sold by
G B H Joint Venture
Bought by
Pah & Grand Bay Miami Lp
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Pae Grove Holdings Llc $13,000,000 Attorney
Terra Grove Communities Llc -- Attorney
Ncg Coconut Grove Hotel Llc $42,465,526 Attorney
Merco Group At Gb Hotel Lc $25,000,000 --
W2005 Ghit Hotels Lp $12,510,400 --
Pah & Grand Bay Miami Lp $32,500,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Pae Grove Holdings Llc $6,987,500
Previous Owner Terra Grove Communities Llc $31,000,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/19/2018 01/19/18 Sold $2,900,000 -12.0% $965 / Sq Ft
12/27/2017 12/27/17 Pending -- -- --
09/25/2017 09/25/17 Price Changed $3,295,000 -5.6% $1,097 / Sq Ft
07/27/2017 07/27/17 For Sale $3,490,000 +20.3% $1,161 / Sq Ft
07/25/2017 07/25/17 Off Market $2,900,000 -- --
07/24/2017 07/24/17 For Sale $3,490,000 -- $1,161 / Sq Ft
Source: MIAMI REALTORS® MLS

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 -- -- -- --
2024 $0 -- -- --
2023 $0 -- -- --
2022 $0 -- -- --
2021 $0 $0 $0 $0
2020 $0 $0 $0 $0
2019 $0 $0 $0 $0
2018 $0 $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MIAMI REALTORS® MLS

MLS Number: A10314528

MIAMI REALTORS® MLS

APN: 01-4122-040-0001